Theatre District — Rental Market Data

Theatre District at 8 Widmer St currently lists three active rental units as of August 31, 2026, with asking rents ranging from $1,945 to $3,000 per month, an average of $2,298 per month, and a median of $1,950 per month. The average suite size across active listings is 483 square feet at an asking rate of $4.78 per square foot. Inventory is dominated by studio layouts at 66.7 percent of active availability, meaning the current selection leans heavily toward compact entry-level suites rather than multi-bedroom executive configurations.

The dominant active layout at Theatre District is the studio, with two units representing 66.7 percent of current availability at an average asking rent of $1,948 per month across 400 square feet and a rate of $4.87 per square foot. The single two-bedroom listing accounts for the remaining 33.3 percent of inventory, asking $3,000 per month for 650 square feet at $4.62 per square foot. No one-bedroom units are currently available for rent in this building.

Theatre District's three active listings span a $1,055 spread, or 54.2 percent, from a minimum entry rent of $1,945 per month to a peak asking rent of $3,000 per month. The median asking rent sits at $1,950 per month, anchored by the studio tier. The entry-level option is a 400-square-foot studio priced at $4.86 per square foot, while the peak listing is a 650-square-foot two-bedroom at $4.62 per square foot, meaning the larger suite actually commands a lower per-square-foot rate despite the higher monthly outlay.

Theatre District does not currently have a quantifiable den premium, as no active listings include a den configuration to establish a marginal cost per square foot for that additional space. Parking stall premiums also cannot be reliably isolated from current active listings due to insufficient paired sample data, and no verified historical parking benchmark exists in the building's lease records to reference.

Theatre District's active asking rent of $2,298 per month and $4.78 per square foot both sit well below the Entertainment District submarket averages of $3,542 per month and $5.53 per square foot. The building's 13.6 percent per-square-foot discount versus the submarket asking benchmark reflects genuinely more competitive unit pricing rather than a sizing artifact, since the average active suite at 483 square feet is smaller than the submarket norm yet still delivers a lower rate per square foot. Theatre District's three active listings represent approximately 2 percent of the 153 total active listings across the Entertainment District submarket.

Theatre District's average closed lease rent of $2,459 per month sits $427 below the four-building comp average of $2,886, with individual competitors ranging from 87 Peter at $2,475 to Festival Tower at $3,359. Encore at Theatre District (28 Widmer St) closed leases averaging $2,964 per month at $4.29 per square foot across 710 square feet, while Cinema Tower (21 Widmer St) recorded $2,744 per month at $4.34 per square foot over 636 square feet. 87 Peter (87 Peter St) posted the closest benchmark at $2,475 per month, $4.66 per square foot, and 544 square feet—just $16 above Theatre District's realized average. Festival Tower (80 John St) commanded the highest rent in the set at $3,359 per month, $5.07 per square foot, and 679 square feet, reflecting its premium positioning despite its 2011 completion.

Theatre District leases at $4.63 per square foot on an average 538-square-foot suite, placing it at a $0.34 per square foot premium over Encore at Theatre District ($4.29/SF) and a $0.29 per square foot premium over Cinema Tower ($4.34/SF), while trading at a slight $0.03 per square foot discount below 87 Peter ($4.66/SF) and a meaningful $0.44 per square foot discount below Festival Tower ($5.07/SF). Tenants choosing Theatre District accept 172 fewer square feet than Encore's 710-square-foot average and 98 fewer than Cinema Tower's 636-square-foot average, but gain a 2024-built product with dual indoor and outdoor pools that neither Cinema Tower nor 87 Peter offers. Against Festival Tower's 679-square-foot suites at $5.07 per square foot, Theatre District delivers 141 fewer square feet at a rate $0.44 per square foot lower, making it the more cost-efficient choice for renters who prioritize amenity breadth over raw interior volume. The submarket-wide average of $4.52 per square foot confirms Theatre District's $4.63 rate sits just 2.2 percent above the broader Entertainment District benchmark, a modest premium justified by the building's 2024 construction and resort-style amenity stack.

Theatre District's 14-amenity package—anchored by both an indoor and outdoor pool, a pet wash station, a full dining room and kitchen, and a games and billiards room—outpaces three of its four direct competitors on lifestyle breadth. The dual-pool configuration (indoor plus outdoor) is absent at Cinema Tower, 87 Peter, and Festival Tower, which offer either no pool or an indoor pool only; only Encore at Theatre District matches the outdoor pool offering. The pet wash station gives Theatre District an edge over Cinema Tower and Festival Tower, neither of which provides on-site pet grooming. The dedicated dining room and kitchen surpasses the offerings at Cinema Tower and Festival Tower, where social food preparation is limited to a basic BBQ area. The games and billiards room further distinguishes Theatre District from Festival Tower, which lacks any dedicated recreation space beyond its media room. Together, these features serve young professionals and creative-industry renters in the Entertainment District who want resort-style social infrastructure, pet-friendly convenience, and a 2024-built interior without paying Festival Tower's premium per-square-foot rate or settling for Cinema Tower's 2013-era finishes.